Overview

• The Audiencia Provincial de Madrid found Carlo Ancelotti guilty of evading over €386,000 in Spanish taxes by underreporting image-rights income for the 2014 fiscal year.
• He was acquitted of the 2015 tax fraud charge and received a one-year prison term that is suspended under Spanish law for first-time nonviolent offenders.
• The court imposed a €386,361.93 fine and barred him from accessing public subsidies or fiscal benefits for three years.
• Judges determined that Ancelotti employed artificial corporate structures to channel image-rights payments and deliberately avoid his tax obligations.
• Having settled the assessed debt in 2021, he will continue leading Brazil’s national team and retains the right to appeal the conviction.